Oil Market Complacent About Supply Threats, SocGen Warns

The oil market is reportedly too complacent about impending supply threats, with actual stockpiles significantly lower than reported, a realization that SocGen forecasts will lead to rising oil prices.

5 May, 13:22 — 5 May, 13:22

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marketwatchMostly Factual30d ago

Why the oil market is too complacent about the supply threat it’s facing

While there are 7.8 billion barrels stockpiled on paper, the reality is more like 1.4 billion barrels and as the market begins to process this realization, SocGen forecasts the oil price will rise.

By Jules Rimmer

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Oil Market Complacent About Supply Threats, SocGen Warns

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Why the oil market is too complacent about the supply threat it’s facing

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